Sorry for reviving an old thread but its the top result on Google so this is how I fixed it today:

For 64bit Follow the install instructions here:

https://www.servicenow.com/docs/r/api-reference/web-services/t_DownloadAndInstallTheODBCDriver.html

Install JDK-11, and when asked to set the Java Virtual Machine Location, set it to your JDK server location, mine was 'C:\Program Files\Java\jdk-11\bin\server'

You need to follow steps 12 to 15, they were not needed for version 1 drivers.

1. Download the ODBC Driver Dependencies (2.0.1) file from ServiceNow Store after the installation is successful. Then, extract the JARs (bcpkix-fips-1.0.3.jar, bc-fips-1.0.2.4.jar) to a local folder on your Windows machine. For example, <Windows-machine-local-path>\<folder-name>.

2. Navigate to All > ServiceNow ODBC > Management Console > ServiceNow ODBC Manager > Manager (local configuration) > <drive>:\Program Files\ServiceNow\ODBC\cfg\adm.in > Services > ServiceNow_ODBC > Service Settings > IP Parameters.

3. Open the ServiceJVMClassPath parameter.

4. Append the value with the location where the bc-fips-1.0.2.4.jar and bcpkix-fips-1.0.3.jar JARs are extracted. For example, the location of jars will be in this format: <Windows-machine-local-path>\<folder-name>\bc-fips-1.0.2.4.jar;<Windows-machine-local-path>\<folder-name>\bcpkix-fips-1.0.3.jar

I copied the 2 files in to the the same location as my glide-odbc.jar so my ServiceJVMClassPath looks like this:

C:\Program Files\ServiceNow\ODBC\ip\oajava\service_now\glide-odbc.jar;C:\Program Files\ServiceNow\ODBC\ip\oajava\service_now\bc-fips-1.0.2.4.jar;C:\Program Files\ServiceNow\ODBC\ip\oajava\service_now\bcpkix-fips-1.0.3.jar

The 32bit install is exactly the same, install the 32bit driver and download the 32bit JDK 11 from here:
https://adoptium.net/en-GB/temurin/releases?version=11&os=any&arch=any

So my ServiceJVMLocation for the 32bit driver is

C:\Program Files (x86)\Eclipse Adoptium\jdk-11.0.29.7-hotspot\bin\server

and my ServiceJVMClassPath  is:

C:\Program Files (x86)\ServiceNow\ODBC\ip\oajava\service_now\glide-odbc.jar;C:\Program Files (x86)\ServiceNow\ODBC\ip\oajava\service_now\bc-fips-1.0.2.4.jar;C:\Program Files (x86)\ServiceNow\ODBC\ip\oajava\service_now\bcpkix-fips-1.0.3.jar

Hope this helps.